
How to Spend Your Time and Money Better (with Nobel Prize Winner Richard Thaler)
The Happiness Lab with Dr. Laurie Santos
00:00
Origins, Homo Economicus, and The Winner’s Curse
Thaler recounts the book's origin, defines the rational agent model, explains the winner’s curse with jar and oil-lease examples, and presents evidence people aren't purely selfish from ultimatum and wallet-return studies.
Transcript
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